ASX Today, page-34493

Gina & Chris buying stakes of the lithium projects, are not merely blocking the takeover, but in fact they are buying/building their lithium assets for long term. In a simple term, they are top rich persons made a fortune from iron ore assets, now they are doing same for lithium assets. It's simply from economic prospective, they don't really care about what others are doing, it's for their own business interest.

Also, to value a business, not using the peak price of a commodity, nor the bottom price, so long term lithium price is the benchmark to value a lithium project. Spodumene concentrate price has dropped from US$6,000 plus per ton, to current US$2,000/ton, it might drop further, but it will recover fast, just like iron ore price dropped from US$200/t to US$39/t in 2015 where oversupply emerged, but iron ore price recovered fast, back to US$90/t within a year, fetched a record high of US$237/t in 2021, still well above US$100/t. Many had a view of iron ore price to stay below US$50/t back in 2015/16. It's a simple rule of thumb, a severe boom and bust cycle, commodity price to drop at around 80%, then bounce multiple times. Currently lithium price is in the bottom range, BTW, China lithium Futures price was up last Friday, also up today as well. As lithium Futures price has already dropped by 80% from its peak. It might have a little more pain time to go, but definitely not long to go. I will definitely not short at current price, that's simply suicide, imo.

All imo.